Solar Panels Cost $17k-$28k in Ripley County, IN | November, 2024
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How much do solar panels cost in Ripley County, IN in 2024?
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Currently, in Ripley County, IN in the month of November, 2024, the price per each watt for solar systems is $4.09/W.
Stemming from the price per watt, you can conclude that for every 1 kW (1000 watts) of solar generation capacounty will require an investment of $4,090 for installation. After applying the 30% federal tax credit, a 5 kW system in Ripley County generally costs $14,315. A 5kW system may not be sufficient to satisfy your energy requirements.
Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for residential solar on homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Ripley County: $14,315US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Ripley County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Ripley County: $22,949US Average: $16,169
Solar Potential in Ripley County
Estimated system size and solar electricity production per median viable roof in Ripley County.
Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.
Electricity Costs in Ripley County, IN & What that Means for Your Solar Panel Pricing
Ripley County energy consumers usually use 1,178 kWh monthly, with an average monthly bill of 180.83. It is important to note that this figure also includes data from smaller residential units, including apartments.
For November 2024, Ripley County, IN's mean electricity rate is 15.35¢ per kWh.
The expense for a a 10 kW setup is approximately $40,900 before any incentives, but the federal tax credit offers a 30% credit, bringing the price down to $28,630.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Ripley County
On the left side below, the pricing details for multiple sizes of solar panel systems installed in Ripley County can be seen. With more extensive solar systems, the price increases, but so do the electricity savings and the income tax credits you can get.
The solar panel cost calculator to the right and below breaks down costs and benefits, considering an average $180.83 electric bill in Ripley County Modify the $180.83 to match your usual electricity bill payment for more tailored results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$17,178
Savings from a 6kWthis system
Est. yearly production 8,874 kWh
Est. monthly savings $111
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.66 tons a year
Equivalent to planting 260 trees a year
Equivalent to driving 14,012 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,553 a year
Est. Price
$20,041
Savings from a 7kWthis system
Est. yearly production 10,353 kWh
Est. monthly savings $129
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.6 tons a year
Equivalent to planting 303 trees a year
Equivalent to driving 16,347 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,775 a year
Est. Price
$22,904
Savings from a 8kWthis system
Est. yearly production 11,832 kWh
Est. monthly savings $148
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 7.55 tons a year
Equivalent to planting 347 trees a year
Equivalent to driving 18,682 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,997 a year
Est. Price
$25,767
Savings from a 9kWthis system
Est. yearly production 13,311 kWh
Est. monthly savings $166
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 8.49 tons a year
Equivalent to planting 390 trees a year
Equivalent to driving 21,018 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,218 a year
Est. Price
$28,630
Savings from a 10kWthis system
Est. yearly production 14,790 kWh
Est. monthly savings $181
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 9.24 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,864 mi less a year
Ripley County Solar Panel Installation Incentives & Rebates | 2024
Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar energy or wind energy installation expenses. To see if you qualify, use our REAP Grant eligibility tool.
Homeowners can qualify for a 30% federal income tax credit for installing residential solar panels, making solar power a sensible option throughout much of the country. Alongside federal efforts, state and local programs help to support the use of solar power.
A total of 6 solar rebates and incentives are available in Indiana through various utility companies and government agencies.
Solar incentives in INIncentive Description Value
Renewable Energy Property Tax Exemption
Value:Varies
Property tax exemptions apply in Indiana for solar, wind, geothermal, and hydroelectric power and thermal devices. (Solar devices installed before January 1, 2012 do not qualify for an exemption.) For most generation systems, exemptions will amount to the currently assessed value of the system (adjusted for depreciation.) Solar thermal, HVAC, or pool heating systems will be exempted at a fixed amount equal to parts and labor costs. Unique to Indiana, should the owner sell their property, exemptions will not apply to the new owner. Qualifying taxpayers may claim the exemption by filing Form 18865 with their county. Additional information is available from the Indiana Department of Local Government Finance website.
Community Conservation Challenge
Value:Varies
NOTE: This program is closed to new applicants. Indiana's Community Conservation Challenge is a grant program managed by the Office of Energy Development. Commercial, industrial, or agricultural property owners may be eligible for $20,000 - $80,000 to install new renewable energy systems or make energy efficiency improvements. Projects that may qualify for funding include green vehicles, HVAC, lighting, solar PV/thermal systems, and wind turbines. At least one community must partner with the property owner, and the completed project should be visible to the public eye. Additional information is available from the OED website.
NIPSCO - Feed-In Tariff
Value:Varies
NIPSCO pays feed-in tariffs to distributed renewable energy customers with systems rated for 3 kilowatts to one megawatt of capacity. Monthly compensation will take the form of a bill credit based on the amount of excess energy sent back to the grid. Unlike net metering, NIPSCO has greater control over how much of a customer's generated energy can be considered "excess." This control is to keep the grid stable. Customers must "opt in" to receive tariffs by filling out an application on the NIPSCO website and paying an administration fee based on system capacity; the current fee is $1 per kilowatt plus $25.
Clean Energy Portfolio Standard
Value:Varies
Indiana has adopted a non-binding renewable portfolio standard called the CHOICE. There have been three clean energy targets set with the final goal of sourcing 10% of the state's energy from renewable sources by 2025. Unique to the CHOICE standard, up to 30% of investments can be in cleaner conventional energy (natural gas, CHP, and clean coal). Participation in the CHOICE is completely voluntary. Interested utilities can register with the state's Utility Regulatory Commission to submit business and project plans. As a utility makes CHOICE investments, they will earn Clean Energy Credits pegging energy capacity to a fixed dollar value. Additional information is available from the CHOICE website.
City of Bloomington - Sustainable Development Incentives
Value:Varies
Special administrative incentives may apply to new construction in Bloomington, IN if it meets certain green building standards. The city has established standards across four areas, including energy efficiency, landscape/water efficiency, public policy (specifically promoting alternative vehicles), and public transportation. Buildings meeting certain minimum quotas for projects in the goal areas may qualify for permit fee waivers and less strict setback requirements. Additional information is available from the Bloomington city website.
City of Indianapolis - Green Building Incentive Program
Value:Varies
Special permitting privileges may apply to new projects in Indianapolis or greater Marion County if designers adhere to certain energy efficiency standards. Qualifying structures should either use on-site solar panels/small wind equipment or be ASHRAE 90.1 certified. Appliances, lighting, and HVAC systems used should be ENERGY STAR certified. Once the builder applies for permits, the structure will be ranked across six sustainability criteria. If it passes minimum standards on at least half of the criteria, 30% of the total permit fees will be refunded. For each additional criterion, another 10% will be added to the total rebate. Additional information is available from the Indianapolis city website.
Are solar panels worth it in Ripley County, IN?
Homeowners in Ripley County who intend to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. A 5 kW solar system in Ripley County, IN might save you an average of $29,084.2 over 20 years, with the break even point typically being 7 years.
The cost of not having solar panels in Ripley County, IN
Besides missing out on the aforementioned savings, not installing solar panels or any backup energy system leaves you totally reliant on your electric utility for power. Recent news has demonstrated that complete dependence on your utility company is not always ideal.
Recently, the average number of utility outages per customer annually in Ripley County has been about 1.14. The average length of an outage is 158.65 minutes. In events like construction accidents, overloaded power grids or earthquakes, this duration can extend significantly.
Take a look at the info below to see the number of current electricity customers without power in Ripley County.
A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might face.
Power Outages
Currently, 0 customers are being tracked in Ripley County.
What impacts the cost of solar panels in Ripley County, IN?
Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt diminishes as the system gets larger. A majority of homeowners find it advantageous to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This approach makes the most sense for maximum savings.
Make & Model - Solar panels and mounting equipment are offered in a range of makes and models. The preferences for brand that your installer has may make it vital to pick a recommended installer. Buyers frequently find that utilizing higher quality equipment results in a more favorable long-term experience.
Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. Despite the higher price tag, these panels produce greater energy output. Most installation experts use panels crafted from this material.
Your Property - Each property and home has its own characteristics. Factors such as trees, sloping terrain, or additional hurdles can make the installation more challenging. By using satellite images, many solar installers nowadays can assess your home and include these factors into the initial cost estimate.
Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately passed on to consumers. Higher reviews for services and customer service are often associated with companies that pay higher wages.
Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.
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Ripley County, IN Solar Panel Cost FAQs
The average solar panel cost in Ripley County, IN as of November, 2024 is estimated at $4.09/W. After federal tax credits, the installation of a 5 kW solar panel system in Ripley County, IN is estimated to cost $14,315.
Utilities and government agencies in Indiana are currently offering 6 different rebates and incentives. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Your initial quotes will often contain information about financing options provided by installers.
Yes, on average, the return on investment for 5 kW solar panel systems in Ripley County, IN is achieved in 7 years, with electricity savings amounting to $29,084.2 over 20 years.
Savings from 
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